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Carbon County approves participation in Montana short‑term investment pool
Summary
Carbon County commissioners voted to authorize participation in the Montana Board of Investments short‑term investment pool (STIP), adding Michella as a backup signatory and confirming previously signed authority to move county funds into STIP.
Carbon County commissioners voted July 3 to authorize the county to participate in the Montana Board of Investments short‑term investment pool (STIP) and to add a backup signatory.
Unidentified Speaker 3 introduced the resolution authorizing participation in the Montana Board of Investments STIP and said the county wanted to add “Michella” as a backup signatory to allow staff to move funds when needed. Unidentified Speaker 5 moved to approve the resolution; Unidentified Speaker 6 seconded. After a brief call for public comment, the board approved the motion by voice vote. The meeting record referenced the resolution as a 2025 action (the record contained an unclear number expressed as “2025 dash 20”); the precise ordinance/resolution number was not specified in the transcript.
Officials said the measure formalizes the county’s participation in the state short‑term investment vehicle so staff can move money into STIP when necessary. Unidentified Speaker 4 noted the county had signed an earlier agreement in January, but that Michelle had not been a deputy at that time and therefore needed to be added as a listed signatory.
The vote was recorded by voice; participants responded “Aye” and the chair announced “Motion carries.” No formal roll‑call tally or dissenting votes were recorded in the transcript.
The county did not provide additional detail in the meeting record about projected dollar amounts to be moved into STIP or expected yields; those figures were not specified.
